State Bank of India
Employee of Private Cash Collection Firm Absconds with Rs 70 Lakh of Railways Funds in Jhansi
Oct 16, 2025 04:23 pm CST
A case has been registered against Anshul Sahu, an employee of CMS Info Systems Limited, who allegedly fled with nearly Rs 70 lakh belonging to the Railways from Jhansi divisional headquarters. The employee was responsible for depositing three days' worth of cash collections into the State Bank of India's railway station branch. Police officials have launched an investigation and efforts are underway to locate and apprehend the absconding employee.
Kerala Consumer Commission Orders SBI to Release Deceased Father's Fixed Deposit with Interest to Son
Oct 04, 2025 02:41 pm CST
The Ernakulam Consumer Commission has directed SBI to release a fixed deposit of Rs 39,000 with interest to the son of a deceased depositor, along with Rs 50,000 compensation after the bank initially refused the claim citing missing records due to a merger. The ruling affirms that consumers' rights to claim deposits don't lapse even after banks transfer unclaimed funds to the RBI.
Bombay High Court Dismisses Anil Ambani's Challenge to SBI's Fraud Classification of Accounts
Oct 03, 2025 08:39 pm CST
The Bombay High Court has rejected industrialist Anil Ambani's petition against State Bank of India's classification of his and Reliance Communications' accounts as fraudulent. The ruling comes amid allegations of fund misappropriation amounting to Rs 2,929.05 crore, which has prompted a CBI investigation into the matter.